KUALA LUMPUR (Dec 30): Carimin Petroleum Bhd (CPB) has accepted a letter of award (LoA) from Petronas Carigali Sdn Bhd for a four-year contract.

In a bourse filing today, CPB said its unit Carimin Engineering Services Sdn Bhd had accepted the LoA dated Dec 20 from Petronas Carigali for the provision of integrated hook-up and commissioning services.

It said the contract will commence on Jan 1, 2020 and expire on Dec 31, 2023.

CPB said the contract is expected to contribute positively to its earnings over the duration of the contract.

At the midday break today, CPB fell 1.55% or 2 sen to RM1.27, valuing it RM297.03 million.